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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
The unemployment benefit of the SSS also covers the kasambahay (housemaids) as well as Overseas Filipino Workers (OFWs; Filipino migrant workers).Claimants should have made 36 monthly contributions to the SSS, 12 months of which should be in the 18-month period immediately preceding the month of involuntary separation.
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Its head office is at F.B. Harrison Street corner 7th Street in Pasay, near EDSA Extension, Philippines. The agency was founded as the Welfare and Training Fund for Overseas Workers through Letter of Instruction No. 537, signed by President Ferdinand Marcos on May 1, 1977.
A measles outbreak is declared in Bangsamoro by the regional Ministry of Health with 592 cases and three deaths recorded since January 2024. [ 66 ] [ 67 ] March 22 – Abu Halil, a leader of the Bangsamoro Islamic Freedom Fighters -Karialan faction, is killed in an encounter with soldiers in Datu Saudi Ampatuan , Maguindanao del Sur. [ 68 ]
January 31, 2024 at 7:00 PM. A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. ... What’s the contribution limit for 529 plans in 2024?
All eyes are on the first Social Security payments of 2023, in which the record-breaking cost of living adjustment (COLA) will start to be reflected in the checks of 66 million beneficiaries....
On January 25, 2008, GSIS President and General Manager Winston Garcia announced "that it will be investing a total of $5 billion in fixed income, equities and properties [in the Philippines] and abroad ... initially investing $1 billion this year in global markets, and another $1 billion locally".